Sezzle (SEZL) Investor presentation summary

Business highlights

• Achieved over $15B in gross merchandise volume and 20M completed sign-ups since inception, with strong app ratings and recognition from major media outlets for innovation and credit-building features.

• Offers a comprehensive suite of payment and financial products, including Pay-in-4, Pay-in-5, long-term loans, SezzleCash, Sezzle Send, and subscriptions like Premium and Anywhere, expanding usability across e-commerce and physical retail.

• Launched new products such as Sezzle Mobile (wireless plan), SezzleCash (cash advance), and Sezzle Send (P2P payments), enhancing consumer engagement and wallet share.

• Focused on Gen Z and Millennials, with 81% of active consumers in these demographics and a strong emphasis on credit-building and personalized shopping tools.

• Merchant partners benefit from increased order values, high ROI, and rapid payback periods, with up to 57% average order value lift and 110% ROI for new enterprise merchants.

Financial performance

• 2Q26 gross merchandise volume grew 37.9% YoY to $1.28B, with total revenue up 51.7% YoY to $149.7M and adjusted net income up 58.4% YoY to $39.3M.

• Adjusted EBITDA for 2Q26 reached $58.0M, with a margin of 38.8%, and return on equity for the last twelve months was 88.9%.

• Transaction-related costs as a percentage of GMV declined to 3.2% in 2Q26, reflecting improved unit economics and credit performance.

• Non-transaction related operating expenses remained stable at 29.0% of total revenue in 2Q26.

• Updated FY2026 guidance projects 35% total revenue growth and $185M adjusted net income, with adjusted net income per diluted share of $5.25.

Market and growth strategy

• Operates in the rapidly expanding North American BNPL market, projected to grow from $156B in 2025 to $288B by 2030, outpacing credit and debit card growth.

• BNPL market share in North America expected to rise from 6% in 2025 to 8% in 2030, with significant headroom compared to mature markets.

• Targets younger consumers, many of whom are credit-invisible or prefer debit, offering credit-building opportunities and flexible payment options.

• Expanding ecosystem through direct and virtual card integrations, partnerships with major e-commerce platforms, and new product launches to drive subscriber and transaction growth.

• New $300M credit facility with Mesirow lowers borrowing costs and increases liquidity for continued growth.